THURSDAY, JUNE 7: Bermuda-incorporated Digicel Group Ltd had a $1.082 billion profit for the year ending March 31, 2012.
That compared with a profit of $954 million on the previous financial year.
The Digicel Group consists of Bermuda and 29 other markets in the Caribbean, Central America and the Pacific.
The company’s subscriber base increased by 27 per cent to 12.8 million with revenues up 14 per cent to $2.54 billion.
Value added services and data revenues were up 47 per cent year on year and now account for 20 per cent of overall service revenues.
This growth was supported in part by Digicel's 4G Mobile offering which is now available in 14 markets across the globe (with further rollouts planned) and by the rise in smartphone usage.
One of the key achievements was the rollout of 4G services based on HSPA+ technology in 14 markets – Aruba, Bonaire and Curacao, Barbados, Cayman Islands, Fiji, Haiti, Panama, Papua New Guinea, Samoa and Vanuatu.